Plan Ledger DOL Form 5500 · updated monthly

Hirshfield's, Inc.401(k)

HIRSHFIELD'S, INC. SECTION 401(K) PLAN · MINNEAPOLIS, MN · plan year 2024

Reported admin expense ratio · 2024
0.24%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Hirshfield's, Inc. reported $72,444 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,490 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.21% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 679th-largest of 1,918 plans among Minnesota employers on file, and the 998th of 5,215 in retail trade. In 2024, employees put in $3.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,132,938
Participants with balances290
Active participants250
Employer contributions$372,607
Employee contributions$1,235,266
Employer contribution per active participant$1,490
Average account balance$107,355
Benefits paid to participants$3,554,970
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$31.1M · 290 accts · $373K emplr
2023$28.9M · 292 accts · $393K emplr
2022$24.2M · 306 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$41,227
Investment management$31,217
Total administrative$72,444
The Hirshfield's, Inc. 401(k) match · 2024
Employer contribution per active participant$1,490
Median for plans this size$2,416
2024$1,490 per active participant
2023$1,552 per active participant
2022$1,523 per active participant

Hirshfield's, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
CHRISTENSEN GROUP FINANCIAL LLC · Investment advisory (plan)$24,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,217

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$72,444 · 0.24%
2023$65,624 · 0.25%
2022$55,778 · 0.21%
Same employer
Similar plansRetail Trade · Minnesota
Twin City Hardware Company MN$33.4M · 0.07%
Warners Stellian Co., Inc. MN$32.2M · 0.29%
Rockler Companies, Inc. MN$31.9M · 0.20%
Running Supply, Inc. MN$31.6M · 0.33%
Abc Bus Companies, Inc. MN$29.7M · 0.47%
Metropolitan Corp. MN$29.1M · 0.43%
Federated Co-Ops, Inc. MN$26.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410313640 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.